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Fund boost powers up car factory's solar plans

Document Cited in Related
Vincent
Published date20 July 2022
Publication titleJournal, The
The project is a major part of Nissan's EV36Zero strategy to ramp up production of electric vehicles and is expected to create about 20% of the power needed to make electric vehicles at its Washington plant

This latest deal will see Atrato - which trades on the London Stock Exchange - complete the installation next to the Wearside plant and then sell power generated to the manufacturer on a 100% take-or-pay basis.

Nissan set up Hylton Plantation Solar Farm Limited to deliver the scheme, which secured planning permission late last year, and has promised further solar capacity in the years ahead.

It is part of £13bn plans to develop electric vehicles at the plant.

Gurpreet Gujral, managing-director of Atrato Partners, the investment adviser to the company, said: "I'm very pleased to announce this transaction, which brings a great installa- tion project into ROOF's portfolio. We are working closely with the UK automotive industry to deliver further green energy initiatives to help them on their path to net zero."

Atrato was set...

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